I appreciated Ant’s perspective on the different stages of company progression
My plan is to go back and read the alluded to “mid-year” as I’m sure there was some debate as less mature companies were discussed… But I was wondering if anyone had any advice on how to evaluate companies that have not yet grown into profitability (or haven’t been profitable long). I’ve seen some mentions of EV/EVITDA and P/S, and identifying TAM and talk about margins. Obviously, it’s good to have multiple tools in your toolbox, but I was wondering if some worked particularly well in certain situations.
I’m looking to start some “Saul approved” positions. I can easily observe Arista growing earnings and use that to make projections. I’m much hazier on how to translate Shopify’s numbers… some predicted margin x some predicted near-future revenue?